Holding
The court adopted the "one year rule" and payment in this case was fully deductible in the year of payment.
Read more about this topic: Zaninovich V. Commissioner
Famous quotes containing the word holding:
“The same people who are murdered slowly in the mechanized slaughterhouses of work are also arguing, singing, drinking, dancing, making love, holding the streets, picking up weapons and inventing a new poetry.”
—Raoul Vaneigem (b. 1934)
“But it is the same thing we are all seeing,
Our world. Go after it,
Go get it boy, says the man holding the stick.
Eat, says the hunger, and we plunge blindly in again,
Into the chamber behind the thought.”
—John Ashbery (b. 1927)
“Things base and vile, holding no quantity,
Love can transpose to form and dignity.
Love looks not with the eyes, but with the mind,
And therefore is winged Cupid painted blind.”
—William Shakespeare (1564–1616)